The CBOT started the week on a high noted in early trade, but the soy complex quickly turned lower and pulled old crop corn futures lower too. Wheat was the stalwart for the day with both the KC and Chicago markets posting 30-35-cent gains. Funds were net buyers and index/investment funds continue to add exposure to the market. The Goldman roll finished its third day on Monday and will wrap up this week. World grain fundamentals remain broadly bullish and the continuing influx of investment indicates the CBOT will keep grinding higher. La Nina is strengthening again with the latest models indicating a 53-60 percent chance that the weather trend continues into July and August. That implies hot, dry conditions over the western U.S., in...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.